Tidal Investments LLC Increases Stock Position in Hecla Mining (NYSE:HL)

Tidal Investments LLC increased its holdings in Hecla Mining (NYSE:HL - Free Report) by 100.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,885,647 shares of the basic materials company's stock after purchasing an additional 7,960,826 shares during the period. Hecla Mining accounts for 0.6% of Tidal Investments LLC's holdings, making the stock its 14th biggest holding. Tidal Investments LLC owned 2.53% of Hecla Mining worth $77,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HL. Torno Capital LLC purchased a new stake in Hecla Mining in the 4th quarter worth $560,000. Sherbrooke Park Advisers LLC increased its holdings in shares of Hecla Mining by 105.8% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,653 shares of the basic materials company's stock worth $116,000 after purchasing an additional 12,160 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Hecla Mining by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 165,448 shares of the basic materials company's stock worth $812,000 after purchasing an additional 54,436 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Hecla Mining by 138.1% in the fourth quarter. Quantinno Capital Management LP now owns 40,313 shares of the basic materials company's stock worth $198,000 after buying an additional 23,381 shares in the last quarter. Finally, Man Group plc boosted its stake in Hecla Mining by 349.4% during the fourth quarter. Man Group plc now owns 735,420 shares of the basic materials company's stock valued at $3,611,000 after buying an additional 571,761 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Trading Up 3.4%

Shares of NYSE HL traded up $0.17 during trading hours on Tuesday, hitting $5.11. 15,111,886 shares of the company traded hands, compared to its average volume of 14,165,303. The company's 50 day moving average price is $5.44 and its 200 day moving average price is $5.47. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 102.22 and a beta of 1.57. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $261.34 million for the quarter, compared to analysts' expectations of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm's quarterly revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. On average, equities research analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be issued a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 23rd. Hecla Mining's payout ratio is currently 9.09%.

Wall Street Analysts Forecast Growth

HL has been the topic of a number of research reports. National Bank Financial raised Hecla Mining to a "hold" rating in a research note on Friday, March 21st. TD Securities cut their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. HC Wainwright restated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. BMO Capital Markets reiterated a "market perform" rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Finally, Roth Mkm dropped their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hecla Mining presently has an average rating of "Hold" and a consensus price target of $7.20.

Insider Transactions at Hecla Mining

In related news, Director Catherine J. Boggs purchased 20,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the purchase, the director now owns 348,169 shares of the company's stock, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Krcmarov acquired 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the purchase, the chief executive officer now owns 331,856 shares of the company's stock, valued at $1,755,518.24. This represents a 2.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 57,915 shares of company stock worth $300,000. 0.62% of the stock is currently owned by insiders.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.